Lenovo sees mobile unit turnaround by second half of next fiscal year

HONG KONG (Reuters) - Lenovo Group Ltd (0992.HK) Chairman Yang Yuanqing on Thursday said the company was on track to turn around its mobile phone business in the October-December quarter of 2017, or by the end of the business year through March 2018 at the latest.

Yang, speaking to Reuters after the company posted a 67 percent drop in third-quarter profit, also said he was not considering spinning off the mobile unit or privatizing the group.